The following information is available regarding the total manufacturing overhead of Nolan Company for a recent five-month period: Machine Mfg. Overhead Hours 11,500 January February March $58,650 $59,413 12,250 11,125 $58,262 $59,104 April 11,950 May 10,750 $57,889 Using the high-low method, Nolan's fixed monthly overhead cost is closest to which of the following? Select one: a $46,918 b. $59,413 C. $12,250, d. $12,495